The U.S. Census Bureau announced on September 15 that housing permits and starts for August were up from July. Things are looking up for building material supply businesses in Georgia and the Atlanta – Athens area:
Housing Starts in U.S. Climb to Nine-Month High
Sept. 17 (Bloomberg) -- Builders in the U.S. broke ground in August on the most houses in nine months, led by a jump in multifamily dwellings that overshadowed a decrease in construction of single-family homes.
In a related story, the Bureau of Labor Statistics released its producer price index for residential construction:
A Bright Spot in Housing: Construction Costs
On September 15th, the Bureau of Labor Statistics released its producer price index for residential construction. The increase from July to August is a good sign for suppliers to the housing market.
Lumber futures indicated that a major component of construction costs continues to deflate:
CME lumber ends lower on easier cash market
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